T Clarke celebrates contract wins in first half of 2010
Several recent commercial project wins in London have boosted T Clarke’s order book to £220 million, up £60m on December 2009, despite reporting a fall in profits.
As part of its results for the six months to 30 June the firm reported high tendering activity.
It said it was particularly encouraged by major commercial schemes in London being brought to market for construction during 2011 for completion in 2013.
The firm has recently secured a number of key projects in London, such as the redevelopment of Victoria Station (pictured), the Park House development of Oxford Street and the fit-out project for NM Rothschild in the City.
Pre-tax profit fell from £4m to £3.2m and revenue dropped 8 per cent from £93.2m to £85.7m.
The company narrowly missed out on appearing in the list of the UK’s top 10 M&E contractors last year (see page 6).
While the scale of government cuts and how they will affect the construction sector as a whole is not yet fully known, T Clarke said that additional pressures on margins are still expected over the coming months due to increased competition from rivals who previously serviced the public sector.
Chief executive Mark Lawrence said: “I am pleased to report that the group has maintained its market share in the period and has secured some of the most significant projects available, despite a continuing tough and challenging environment.
“We have continued with our strategy to broaden the group’s activities. Building on the recent acquisition of D&S Engineering Facilities in March, we announced on 25 August that we had acquired DGR Mechanical Services.
“We welcome the team at DGR to the group and look forward to a prosperous future together and being able to offer our clients an even broader range of services.”
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